Evaluation of the Financial Services Action
Plan (FSAP): The Commission asks for comments

The European Commission has published Part I of its Financial Services
Action Plan (FSAP) evaluation, the first step of an exhaustive analysis of the
impact of FSAP. The first part of the exercise focuses on the process of
adoption of the measures put forward in the Action Plan. The Commission now
wants to have the views of all interested parties on how the process of adoption
worked. The Commission is especially interested in views on general perception
of the FSAP process, on consultation, on the Lamfalussy process and on lessons
learned from the FSAP The deadline for comments is 31 January 2006.

Internal Market and Services Commissioner Charlie McCreevy said “It
is our job to ensure that the measures we adopt are of the highest possible
quality, reflect the reality on the ground and have the potential to bring
tangible benefits. That is why we’re now asking for comments on the
adoption process of the FSAP. Such input will be invaluable when we come to
analyse whether there are things we could do better in future.”

The evaluation of the FSAP process will be carried out in two parts.

Part I - analysis of the manner in which the various legislative and
non-legislative measures were adopted. In this context, the procedures, the FSAP
framework and the working methods have been examined.The Final FSAP
Evaluation Report Part I will be presented in April 2006.

Part II - a thorough economic and legal analysis of the impact of FSAP,
which will be carried out in 2006-2008, once all FSAP measures have been
implemented in the Member States. A full, overall assessment of the FSAP will
then be presented in 2008/9.

This consultation exercise on Part I of
the FSAP evaluation gives all interested parties the opportunity to express
their views on the issues related to the process of adoption of the FSAP. The
Commission is especially interested in views on general perception of the FSAP
process, on consultation, on the Lamfalussy process and on lessons learned from
the FSAP, such as:

What has been your personal experience of the implementation process of the
FSAP measures?

What has your perception been of the volume of consultation involved in the
elaboration of FSAP measures?

What is your assessment of the workings of the Lamfalussy structure thus
far?

All responses will be carefully considered and analysed to be incorporated
into a final report on Part I of the FSAP evaluation, which is expected to be
published by April 2006.Part I of the FSAP evaluation, which is available
at: